How Much Do Business Professors Make?

March 20, 2024

The salary for a Business Professor can vary significantly. Based on our analysis of thousands of job postings, the average business professor in the United States makes around $96,980 per year. However, it is possible to make a much higher salary in this role if you are employed at one of the top business schools like Harvard or Wharton.

It's not uncommon for professors from the "M7" business schools to earn salaries in excess of a million dollars. For example, a few years ago Poets & Quants revealed that a little-known professor of global strategy at Thunderbird School of Global Management had total compensation of $700,096. This was more than the pay of UPenn Dean of Arts and Sciences, $523,000 or Harvard Business School Dean Nitin Nohria, $697,000 and more than the combined earnings of UPenn's football coach and basketball coach.

Top Business Professors Make Millions

In addition to their academic salaries, many business professors make millions through a variety of other sources including consulting, writing and speaking engagements. The following table shows a small sample of the highest paying business professors in the US.

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